Former TD Bank Employee Pleads Guilty to Aiding $5.5M Money Laundering Scheme
ByAinvest
Monday, Feb 2, 2026 7:11 am ET1min read
TD--
A former TD Bank employee, Leonardo Ayala, pleaded guilty to accepting bribes and exploiting his position to launder $5.5 million in illicit funds to Colombia. The case highlights vulnerabilities in anti-money laundering controls within financial institutions. Ayala used his access to open fraudulent accounts, issue debit cards, and remove internal restrictions to carry out the scheme. He received over $6,000 in bribes in exchange for his actions. The charges carry potential sentences of up to 20 and 30 years in prison.
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